Aristides Capital LLC Has $2.67 Million Stock Holdings in Jackson Financial Inc. (NYSE:JXN)

Aristides Capital LLC decreased its position in Jackson Financial Inc. (NYSE:JXN) by 25.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,000 shares of the company’s stock after selling 12,000 shares during the period. Jackson Financial comprises approximately 0.7% of Aristides Capital LLC’s holdings, making the stock its 17th largest holding. Aristides Capital LLC’s holdings in Jackson Financial were worth $2,673,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Asset Allocation Strategies LLC boosted its position in shares of Jackson Financial by 0.6% during the 2nd quarter. Asset Allocation Strategies LLC now owns 18,926 shares of the company’s stock valued at $1,405,000 after acquiring an additional 119 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Jackson Financial by 47.0% during the first quarter. GAMMA Investing LLC now owns 482 shares of the company’s stock valued at $32,000 after purchasing an additional 154 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Jackson Financial by 1.2% in the 2nd quarter. Private Advisor Group LLC now owns 14,962 shares of the company’s stock valued at $1,111,000 after purchasing an additional 178 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Jackson Financial by 2.0% in the 2nd quarter. International Assets Investment Management LLC now owns 9,954 shares of the company’s stock worth $739,000 after buying an additional 199 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Jackson Financial by 18.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,532 shares of the company’s stock worth $101,000 after buying an additional 235 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Down 0.1 %

JXN opened at $91.23 on Tuesday. Jackson Financial Inc. has a 1-year low of $35.27 and a 1-year high of $92.65. The stock has a market capitalization of $6.96 billion, a PE ratio of 2.41 and a beta of 1.50. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $84.93 and a two-hundred day moving average price of $76.29.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $5.32 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $1.00. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the business earned $3.34 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts anticipate that Jackson Financial Inc. will post 18.49 earnings per share for the current fiscal year.

Jackson Financial declared that its board has initiated a stock buyback program on Wednesday, August 7th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Jackson Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, September 5th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.07%. Jackson Financial’s payout ratio is currently 7.40%.

Insider Activity

In related news, EVP Carrie Chelko sold 5,500 shares of Jackson Financial stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $91.31, for a total value of $502,205.00. Following the completion of the sale, the executive vice president now directly owns 61,829 shares in the company, valued at $5,645,605.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

JXN has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Jackson Financial from $80.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, August 14th. Jefferies Financial Group increased their target price on shares of Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Evercore ISI reduced their price target on shares of Jackson Financial from $75.00 to $73.00 and set an “in-line” rating on the stock in a research report on Wednesday, June 26th. Barclays started coverage on shares of Jackson Financial in a report on Wednesday, September 4th. They set an “overweight” rating and a $109.00 price objective for the company. Finally, Morgan Stanley boosted their target price on Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, August 19th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Jackson Financial currently has a consensus rating of “Hold” and an average price target of $80.00.

About Jackson Financial

Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.